Streetbeat News

ALK

Alaska Air Group, Inc.

https://www.alaskaair.com

Industry

Airlines, Airports & Air Services

Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

Open

51.50

Mkt cap

6.4B

Volume

1.6M

High

52.15

P/E Ratio

20.31

52-wk high

52.15

Low

50.99

Div yield

N/A

52-wk low

32.00

HSBC analyst Achal Kumar initiated coverage on several airline stocks, forecasting a strong recovery and consolidation in the airline industry. Kumar highlighted the continued recovery in corporate travel, stronger international demand, and tighter capacity as positive factors. Delta Air Lines, Inc. (DAL) was given a buy rating with a price target of $72.80, praised for its competitive positioning and premium traffic revenue. American Airlines Group, Inc. (AAL) also received a buy rating with a price target of $17.90, noted for its strong Atlantic and LatAm market positions and partnership with Alaska Airlines Group, Inc. (ALK). United Airlines Holdings, Inc. (UAL) was rated buy with a price target of $69.20, recognized for its high potential return despite being a riskier option. Southwest Airlines Company (LUV) was given a hold rating with a price target of $27.80, acknowledged for its low-cost advantage but also noted for cost pressures and dependency on Max aircraft. Shares of DAL, AAL, UAL, and LUV were all trading higher at the last check.

Portfolio Pulse from Lekha Gupta

May 13, 2024 | 6:30 pm

Major U.S. airlines, including American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, Hawaiian Holdings, and Alaska Air Group, have filed a lawsuit against the U.S. Transportation Department over a new rule requiring upfront disclosure of fees. The airlines argue that the rule, which aims to enhance consumer transparency and prevent unexpected charges, is confusing and infringes on private business operations. Southwest Airlines is not part of the lawsuit, supporting certain provisions of the rule.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 5:35 pm

Major airlines, including American Airlines (AAL), Alaska Air Group (ALK), Delta Air Lines (DAL), JetBlue Airways (JBLU), Southwest Airlines (LUV), Spirit Airlines (SAVE), and United Airlines Holdings (UAL), have filed a lawsuit against the Biden administration over new fee disclosure rules. These rules require airlines to disclose upfront all fees related to baggage, changes, and cancellations. The airlines argue that these regulations are overly burdensome and could harm their business operations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:25 pm

Congressional negotiators are set to enhance the provisions regarding airline refunds in the upcoming U.S. aviation bill, according to Reuters. This move could significantly impact airlines' operations and financial strategies, ensuring more robust consumer protection in cases of flight cancellations and delays.

Portfolio Pulse from Charles Gross

May 07, 2024 | 8:44 pm

Boeing Co (NYSE:BA) shares rose despite another whistleblower's sudden death, amid broader market gains following the Fed's decision to maintain interest rates. The deceased, a former Spirit AeroSystems (NYSE:SPR) quality auditor, had raised safety concerns about Boeing's 737 Max, which previously faced scrutiny after an Alaska Air Group (NYSE:ALK) plane lost an emergency door. This incident adds to Boeing's ongoing safety and legal challenges, including a criminal investigation and potential DOJ penalties.

Portfolio Pulse from Natan Ponieman

May 02, 2024 | 7:37 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Sunnova Energy, D.R. Horton, Dell Technologies, Netflix, Block, Red Rock Resorts, Shopify, Tractor Supply Company, Alaska Air Group, and Ulta Beauty. These adjustments reflect analysts' latest views on these companies' stock performance potential.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 1:11 pm

Susquehanna analyst Christopher Danely maintains a Neutral rating on Alaska Air Group (ALK) and raises the price target from $40 to $42.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:05 pm

B of A Securities analyst Andrew Didora maintains a Buy rating on Alaska Air Group (NYSE:ALK) and raises the price target from $50 to $56, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:43 am

Alaska Airlines CEO Ben Minicucci, in a CNBC interview, expressed optimism about Boeing's quality plan and is hopeful for the completion of the Hawaiian Air merger later this year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:29 pm

Stocks rose on Thursday, with the S&P 500 aiming to end a losing streak, driven by corporate earnings. The iShares Russell 2000 ETF and U.S. Global Jets ETF saw gains, while Tesla dropped after a Deutsche Bank downgrade. The Philadelphia Fed Manufacturing Index beat expectations, but existing home sales fell. Commodities and Bitcoin rallied. Key ETFs like SPDR S&P 500, Dow Jones, and Invesco QQQ Trust posted gains, with notable stock movements in Discovery Financial Services, Capital One, and others ahead of earnings.

Portfolio Pulse from Piero Cingari

April 18, 2024 | 5:11 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.